2021-11-18

More than doubled order intake in the quarter

The third quarter: July – September

  • Net sales amounted to 243 MSEK (258).
  • Order intake increased 116 percent to 306 MSEK (142).
  • Order backlog increased 13 percent to 1,460 MSEK (1,294).
  • Operating profit amounted to 24 MSEK (29).
  • Adjusted operating profit amounted to 25 MSEK (29).
  • Net profit after tax amounted to 18 MSEK (21).
  • Earnings per share amounted to 0.83 SEK (0.95).
  • Operating cash flow amounted to 24 MSEK (35).

The nine-month period: January – September

  • Net sales amounted to 797 MSEK (931).
  • Order intake increased 53 percent to 1,075 MSEK (703).
  • Operating profit amounted to 80 MSEK (113).
  • Adjusted operating profit amounted to 81 MSEK (113).
  • Net profit after tax amounted to 60 MSEK (83).
  • Earnings per share amounted to 2.76 SEK (3.82).
  • Operating cash flow amounted to -30 MSEK (125).

Events during the third quarter and after end of the quarter

  • Extended bank agreement has been signed with Danske Bank which is valid until October 12, 2024 with an sustainability-linked RCF of 510 MSEK and an overdraft facility of 75 MSEK.
  • Balco Group has improved its ESG risk rating at Sustainalytics to 20.8 (28.6).

Telephone conference

An online telephone conference will be held on 18 November 2021 at 09:00 CET at which President and CEO Kenneth Lundahl and CFO Michael Grindborn will present the report and answer questions. To participate, please call:

SE: +46 8 505 583 73
UK: +44 333 300 92 60
USA: +1 646 722 49 03 

 

This disclosure contains information that Balco Group AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 18-11-2021 07:30 CET.